One Battle After Another

Bonds Are Screaming "Something's Wrong" Submitted by QTR's Fringe Finance Bond yields are doing exactly what I warned about yesterday: forcing reality back into a market that had become increasingly detached from it. Heading into Friday’s cash open, U.S. equity futures are under pressure, with S&P 500 futures down roughly 1% and Nasdaq futures off even more sharply as global bond markets sold off overnight. CNBC reported that by Friday morning in London, the U.S. 10-year Treasury yield had climbed nearly 9 basis points to 4.544%, marking its highest level in almost a year. The...

Trevor Milton Is Back And Wants To Produce AI Powered "Fully Autonomous Corporate Jets" Trevor Milton, founder and former CEO of the now-bankrupt Nikola, is trying to mount a "comeback story". Through social media, interviews, and bold public claims, Milton once convinced investors that Nikola was on the verge of delivering breakthrough technology with trucks. Now he's going to attempt the same in the aircraft business, according to a new report from the Wall Street Journal. He has reemerged in the aviation sector through his involvement with SyberJet, a company focused on developing...

The US and the Philippines on Monday launched what’s being billed as the “biggest ever” Balikatan Exercise, an annual military drill that, for the first time, includes a significant contingent of Japanese troops as Tokyo increases its military activity in the region, ramping up tensions with China. The drills will take place from April 20 […]